Your Work has Changed, Will your Taxes Too?
Life amid the COVID-19 pandemic has shifted the working world in radical and ever-evolving ways. For those fortunate enough to keep their existing jobs, or those who have shifted to new or additional work, “work from home” (WFH) has become much more common. For many this won’t alter their tax situation, but for some—like those…
Read More
Think Before Tapping 401(k) as Emergency Fund
Do you need a quick infusion of cash? Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, you may be able to take money out of a qualified plan, like a 401(k), or an IRA, with favorable tax consequences. But should you do it? Let’s take a look… Background Among other changes in the…
Read More
Welcome to the world, little one! A look at the financial decisions with a new addition to the family
Becoming a parent brings with it so many new things to figure out. How to care for your new baby, teach them about life and raise them. While I don’t think any parent has all of that totally figured out, we all aim to do our best. The more concrete question of “How will we…
Read More
Recession in Review
Recently the National Bureau of Economic Research (NBER) announced the U.S. has entered a recession, officially ending the longest economic expansion in U.S. history. While this announcement seems somewhat belated given the extreme unemployment numbers and dramatic stock market sell-off, this is a relatively quick determination by the NBER. The last recession from December 2007…
Read More
Your Teen’s First Job
“Hey mom! Can I get a job this summer?” While this was music to my ears, I quickly realized my daughter is spreading her wings, looking for more independence but there were several things I needed to do to help her prepare. Here are some things to consider: Resume Help your child prepare a resume…
Read More